The Traderszone Network

Currently 119.70 on the rise again after the earlier Nikkei-led falls sub-119.40
Offers:
119.80 120.00 120.50 120.65 120.85 
121.00 121.30 121.50
Bids:

As cars increasingly resemble digital devices, a group of technology firms that can send wireless software updates to cars are in hot demand by carmakers scrambling to catch up to Tesla Motors (TSLA.O) in the arena of over-the-air updates, or OTAs.     Interest in the technology, through which certain car functions can be upgraded much the same way as an iPhone, comes as Tesla is set to deliver an OTA for hands-free cruise control this month, allowing its electric Model S sedans to drive themselves on freeways.

Reuters reporting data that is out a little earlier than expected
– -0.1% prev
– yy 0.0% vs +0.2% exp
Softer year on year but no real surprise in the current climate of low prices

Reserve Bank of India head in follow-up comments to the earlier
rate cut
– we used what room we had
– substantial fall in commodity prices globally also allowed for a 50bps cut
What do our Indian readers make of today’s RBI action and comments?

As expected given the Asian falls
– DAX futures -1.0%
– CAC40 -1.1%
– FTSE – 1.1%
Bund futures up 23 at 156.36
Euro still finding support from the equities wobble

Out a few moments ago and not a surprise given lower commodity prices
– -0.7% prev
– yy -3.1% vs -3.0% exp vs -1.75 prev

Another less than convincing rally in the last hour peters out and we end near session lows
– -714.27
– USDJPY 119.45
– open 17359.38
– high 17366.95
– low 16901.49
Shanghai Comp Index currently down -2.5% at 3023.41 near session lows